Who Is To Blame for the Status of the Chicago Teachers’ Pension Fund? – WP Guest

  Preface: The following was submitted by “A Recovering Pension Actuary” – somebody I believe to be knowledgeable and credible who asked to be kept anonymous. I certainly think it’s true that actuaries shouldn’t bear too much blame for the problems with Chicago Teachers’ Pension Fund and our other unfunded pensions. Beyond that, I’ll let you judge for yourself. -Mark Glennon   No one blames the coroner for a homicide that he examines; people hold the killer accountable. Likewise, we shouldn’t castigate the actuaries for the funded status of the CTPF – the real villains are the legislators in Springfield.

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